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Oregon to Receive $19.6 Million to Stabilize Neighborhoods
House Foreclosure Picture
The Neighborhood Stabilization Program, a component of the Housing and Recovery Act of 2008, was passed in late July by Congress to provide emergency assistance to communities for acquisition and redevelopment of foreclosed properties that might be abandoned and cause neighborhood blight. More specifically, the funding is to purchase and rehabilitate, resell or redevelop foreclosed or abandoned homes and residential properties in order to stabilize neighborhoods and stem the decline of home values.
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Larry Medinger, Ashland Homebuilder, Chairs Council
Larry Medinger, Ashland Homebuilder, Chairs Council
Gov. Ted Kulongoski appointed longtime member Larry Medinger to chair the Oregon State Housing Council, effective July 1. Medinger, an Ashland builder, believes deeply in the need for affordable housing.

State Housing Council members at the May 04, 2007 Meeting
The State Housing Council consists of seven members appointed by the Governor, subject to confirmation by the Senate under ORS 171.562 and 171.565. The term of office of each member is four years, but a member serves at the pleasure of the Governor. Before the expiration of the term of a member, the Governor shall appoint a successor whose term begins on July 1 next following. A member is eligible for reappointment. If there is a vacancy for any cause, the Governor shall make an appointment to be immediately effective for the unexpired term.
 

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